Manchester City have ended their interest in signing Arsenal forward Alexis Sanchez, it is understood.

Asked if the club had set a deadline for contract talks to be resolved, Wenger said: "No. Not at the moment."

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Arsenal forward Alexis Sanchez should be left alone to decide his future, captain Per Mertesacker has said, as speculation continues to swirl about the Chilean’s plans.

Mesut Ozil believes it would "hit the team quite hard" if Arsenal sold Alexis Sanchez in the summer transfer window.

The hierarchy at Arsenal is reportedly prepared to make star striker Alexis Sanchez the highest paid player in Premier League history by offering the Chilean an astonishing €300,000 (€353,000) per week to stay at the North London club.

Arsene Wenger has revealed contract negotiations with Alexis Sanchez and Mesut Ozil have been put on hold until the summer.

Arsenal manager Arsene Wenger does not know the exact reason Alexis Sanchez chose the Emirates Stadium over Anfield – but he is glad the Chile forward will be lining up for his side rather than against them for Liverpool on Saturday.